Title Insurance Startup Raises $123M In Series C Financing
Law360 (May 21, 2020, 5:15 PM EDT) -- San Francisco-based States Title, which has developed technology to streamline the mortgage closing process, said Thursday it has raised $123 million in a Series C financing round led by Greenspring Associates.
States Title says its technology speeds up the title and escrow process and also lowers the cost. The firm said Thursday it is committed to further investments in its machine intelligence platform, which it has patented.
"The most pressing need in our industry right now is to remove friction and cost from mortgage closings, and to do so with solutions that can deliver fully remote, instant, digital experiences," Max Simkoff,...
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